Fueled by strong sales reports from Lenovo and NetApp, tech stocks led a broad market rally Thursday.
Though economic concerns continue to roil the markets, vendors such as Hewlett-Packard and Dell continue to report strong quarterly sales.
Though Cisco earnings indicate that vendors are enjoying a recovery, market volatility shows that IT investors are still nervous about the future.
Macroeconomic clouds darkened the horizon for IT investors this week, even though financial results suggest technology is on the road to recovery.
Though the bulk of tech vendors have already reported results, there was plenty of earnings news to keep IT investors excited.
The torrent of quarterly earnings reports continued to pour in this week, with results that for the most part are well above a year ago.
Strong quarterly results plus optimistic market-research reports are leading to a growing sense of confidence in the tech sector.
An uptick in sales for bellwether vendors and rosy forecasts for the rest of 2010 have continued to fuel the recovery in technology stocks.
Financial reports and earnings forecasts this week indicate that sales across a range of technology products are recovering from the Great Recession.
Growing confidence has pushed the value of IT company shares up to levels not seen in a year-and-a-half.
The tech sector passed two poignant market anniversaries this week on its way to what investors and vendors hope will be a sustainable recovery.
Upbeat reports about chips, PCs and mobile devices helped strengthen confidence in the sector this week.
Vendor earnings and tech industry forecasts were mixed this week, shaking IT investor confidence.
Doubts about economic recovery have sent markets on a rollercoaster ride, but the IT sector is becoming increasingly dynamic.
Though some tech bellwethers have reported relatively strong sales, concerns about the pace of economic recovery have shaken confidence.